PTAB Decision Not To Sanction Bass Shifts Focus To Capitol

By Ryan Davis (September 29, 2015, 1:29 PM EDT) -- The Patent Trial and Appeal Board's decision not to sanction controversial hedge fund manager Kyle Bass for challenging drug patents in America Invents Act reviews clears the way for similar challenges, unless Congress steps in to clamp down on who can file AIA petitions.

The board on Friday rejected a sanctions motion by Celgene Corp., a biopharmaceutical company with cancer drug patents in Bass' crosshairs. Celgene argued Bass is abusing the AIA process by targeting patents as a short-selling strategy aimed at driving down the price of the company's stock. The PTAB found that the AIA clearly allows anyone to file...

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